Lundin Petroleum is a self-governing firm, exploring and producing oil and gas, based in Sweden. It has 187 M barrels of oil equivalent as probable and established reserves.
The company will examine the Batu Hitam-1 well for prospective hydrocarbon of a huge basement high formation, situated in PM308A block’s eastern part. The goals of the well are cracked pre-Tertiary cellar in the below horst block and Oligocene sandstones in a dip closure, which is four-way.
Lundin has planned to drill a depth of 2,450 m in total at the subsea and will employ the jack-up drill rig, Offshore Courageous, to drill the well. It is expecting to take around 14 days for the completion of the well.
The company has 35% interest and operates PM308A block by means of its Malaysian subsidiary, Lundin Malaysia. JX Nippon Oil & Gas Exploration and PETRONAS Carigali are the partners in the PM308A block with 40% and 25% interest respectively.
Lundin Malaysia activates six Blocks, SB303, SB307, SB308, PM307, PM308A and PM308B, in Malaysia.